Can I retire at age 45 with 9,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$801,017$793,882$786,921$780,126$773,492$747,237
2 years$396,543$389,158$382,000$375,061$368,329$342,142
3 years$261,736$254,319$247,180$240,305$233,683$208,385
4 years$194,346$186,951$179,883$173,126$166,665$142,449
5 years$153,922$146,572$139,597$132,978$126,696$103,627
6 years$126,982$119,687$112,815$106,343$100,250$78,346
7 years$107,746$100,513$93,750$87,431$81,530$60,788
8 years$93,326$86,158$79,507$73,343$67,637$48,040
9 years$82,117$75,016$68,480$62,472$56,960$38,485
10 years$73,154$66,123$59,702$53,852$48,533$31,149
11 years$65,826$58,866$52,561$46,867$41,740$25,414
12 years$59,723$52,835$46,646$41,109$36,171$20,865
13 years$54,564$47,747$41,675$36,293$31,542$17,216
14 years$50,145$43,401$37,446$32,217$27,649$14,263
15 years$46,319$39,647$33,808$28,732$24,345$11,856
16 years$42,975$36,376$30,652$25,726$21,516$9,881
17 years$40,027$33,501$27,892$23,115$19,078$8,253
18 years$37,409$30,956$25,462$20,831$16,963$6,906
19 years$35,070$28,690$23,309$18,823$15,119$5,788
20 years$32,967$26,660$21,392$17,047$13,505$4,856
21 years$31,067$24,833$19,677$15,472$12,085$4,079
22 years$29,342$23,180$18,135$14,067$10,833$3,430
23 years$27,770$21,680$16,744$12,811$9,724$2,885
24 years$26,330$20,313$15,486$11,685$8,740$2,429
25 years$25,008$19,063$14,343$10,671$7,865$2,046
26 years$23,790$17,916$13,302$9,757$7,084$1,724
27 years$22,663$16,861$12,352$8,931$6,387$1,453
28 years$21,619$15,888$11,483$8,183$5,763$1,225
29 years$20,649$14,988$10,686$7,504$5,204$1,034
30 years$19,745$14,155$9,954$6,887$4,702$872
31 years$18,901$13,381$9,280$6,325$4,251$736
32 years$18,111$12,661$8,658$5,813$3,846$621
33 years$17,371$11,990$8,084$5,345$3,480$524
34 years$16,676$11,364$7,553$4,918$3,151$442
35 years$16,022$10,779$7,062$4,527$2,854$373
36 years$15,406$10,231$6,606$4,170$2,586$315
37 years$14,824$9,717$6,183$3,842$2,344$266
38 years$14,275$9,234$5,790$3,541$2,125$225
39 years$13,754$8,781$5,425$3,265$1,927$190
40 years$13,261$8,354$5,085$3,011$1,748$160
41 years$12,794$7,953$4,768$2,778$1,586$135
42 years$12,350$7,574$4,472$2,564$1,439$114
43 years$11,927$7,216$4,197$2,367$1,306$96
44 years$11,525$6,879$3,939$2,186$1,185$81
45 years$11,142$6,559$3,699$2,018$1,076$69
46 years$10,776$6,257$3,474$1,864$977$58
47 years$10,428$5,971$3,264$1,723$887$49
48 years$10,094$5,701$3,067$1,592$806$41
49 years$9,776$5,444$2,883$1,471$732$35
50 years$9,471$5,200$2,710$1,360$665$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $9,700,000, adding $6,623 every year, while hoping to spend $36,232 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/9/7 Blend
44$9,700,000$9,700,000$9,700,000$9,700,000
45$10,696,232$10,182,132$10,031,782$11,587,700
46$11,748,697$10,642,506$10,329,296$12,631,129
47$12,907,299$11,124,223$10,635,562$13,771,372
48$14,182,826$11,628,293$10,950,836$15,022,615
49$15,587,164$12,155,770$11,275,380$16,395,981
50$17,133,413$12,707,760$11,609,462$17,903,718
51$18,836,004$13,285,423$11,953,362$19,559,316
52$20,710,841$13,889,974$12,307,365$21,377,633
53$22,775,449$14,522,685$12,671,764$23,375,031
54$25,049,139$15,184,890$13,046,861$25,569,534
55$27,553,188$15,877,987$13,432,968$27,980,995
56$30,311,045$16,603,440$13,830,405$30,631,279
57$33,348,547$17,362,784$14,239,499$33,544,473
58$36,694,167$18,157,628$14,660,590$36,747,109
59$40,379,278$18,989,658$15,094,026$40,268,414
60$44,438,453$19,860,640$15,540,164$44,140,584
61$48,909,789$20,772,425$15,999,374$48,399,087
62$53,835,268$21,726,955$16,472,033$53,082,995
63$59,261,151$22,726,261$16,958,532$58,235,351
64$65,238,417$23,772,476$17,459,271$63,903,576
65$71,823,242$24,867,834$17,974,663$70,139,911
66$79,077,530$26,014,675$18,505,132$77,001,913
67$87,069,497$27,215,453$19,051,113$84,552,990
68$95,874,316$28,472,740$19,613,055$92,863,004
69$105,574,823$29,789,232$20,191,420$102,008,924
70$116,262,304$31,167,754$20,786,681$112,075,551
71$128,037,353$32,611,267$21,399,328$123,156,318
72$141,010,819$34,122,875$22,029,862$135,354,167
73$155,304,859$35,705,832$22,678,799$148,782,520
74$171,054,085$37,363,549$23,346,670$163,566,345
75$188,406,839$39,099,600$24,034,020$179,843,337
76$207,526,589$40,917,732$24,741,412$197,765,208
77$228,593,474$42,821,874$25,469,422$217,499,125
78$251,806,005$44,816,143$26,218,645$239,229,276
79$277,382,938$46,904,855$26,989,690$263,158,611
80$305,565,339$49,092,534$27,783,186$289,510,753
81$336,618,860$51,383,924$28,599,779$318,532,104
82$370,836,244$53,783,997$29,440,132$350,494,171
83$408,540,092$56,297,964$30,304,927$385,696,119
84$450,085,907$58,931,290$31,194,868$424,467,598
85$495,865,449$61,689,703$32,110,676$467,171,845
86$546,310,435$64,579,207$33,053,093$514,209,113
87$601,896,609$67,606,099$34,022,882$566,020,439
88$663,148,243$70,776,978$35,020,828$623,091,811
89$730,643,076$74,098,762$36,047,738$685,958,743
90$805,017,774$77,578,706$37,104,442$755,211,328
91$886,973,938$81,224,413$38,191,792$831,499,805
92$977,284,728$85,043,857$39,310,665$915,540,689
93$1,076,802,161$89,045,397$40,461,963$1,008,123,529
94$1,186,465,156$93,237,796$41,646,613$1,110,118,360
95$1,307,308,395$97,630,241$42,865,567$1,222,483,903
96$1,440,472,093$102,232,365$44,119,806$1,346,276,613
97$1,587,212,764$107,054,268$45,410,337$1,482,660,646
98$1,748,915,077$112,106,538$46,738,194$1,632,918,838
99$1,927,104,935$117,400,279$48,104,444$1,798,464,811
100$2,123,463,874$122,947,128$49,510,178$1,980,856,311